Daldrup & Soehne : & Söhne AG intends to sell shares in Landau geothermal power plant and Geysir Europe

DGAP-Ad-hoc: Daldrup & Söhne AG / Key word(s): Investment/Strategic Company Decision Daldrup & Söhne AG intends to sell shares in Landau geothermal power plant and Geysir Europe 31-May-2019 / 18:33 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of insider information in accordance with Article 17 MAR   Daldrup & Söhne AG intends to sell shares in Landau geothermal power plant and Geysir Europe Grünwald / Ascheberg, 31 May 2019 - The drilling technology and geothermal specialist Daldrup & Söhne AG (ISIN DE0007830572) has agreed a binding termsheet with IKAV Group represented by Luxemburger Fonds IKAV Invest S.à r.l. on the acquisition of shares in Geothermiekraftwerk Landau and Geysir Europe GmbH. As a first step IKAV intends to acquire 49.9 percent of the shares in Geox GmbH, the operating company of the Landau geothermal power plant. The agreement also includes the intended acquisition of 48.9 percent of the shares in Geysir Europe GmbH, including the project companies with the exception of Geothermie Neuried GmbH & Co. KG. The total transaction price is expected to be approximately EUR 5.2 million. The closing of the transactions is scheduled for 15 June 2019. A separate agreement is being sought for the Taufkirchen geothermal power plant. The sale of the shares is an essential part of the restructuring measures which the Executive Board will implement on the basis of the operating result for the 2018 financial year. Among other things, they serve to reduce the Group's debt. Contact: Daldrup & Söhne AG Falk v. Kriegsheim IR Manager Fon [phone] [e-mail] www.daldrup.eu Bavariafilmplatz 7 82031 Grünwald/Geiselgasteig 31-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Daldrup & Söhne AG
	Bavariafilmplatz 7 / Gb. 32
	82031 Grünwald/Geiselgasteig
	Germany
Phone:	+49 (0) 89 / 45 24 37 920
Fax:	-
E-mail:	[e-mail]
Internet:	www.daldrup.eu
ISIN:	DE0007830572
WKN:	783057
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	818079

End of Announcement	DGAP News Service

818079  31-May-2019 CET/CEST